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Jordan Bank Sues British Bank for 1,000,000 “frozen” Pounds; Jordan Funds Depleted

The Arab Bank of Amman, Jordan, is suing Barclays Bank for 1,000,000 pounds purportedly frozen in the latter’s branch here before the termination of the British Mandate, Palastin, an Arab newspaper published in the Old City of Jerusalem, said today.

The paper reported that Jordan’s financial reserve — a total of 2,500,000 pounds accumulated during the last three years — is almost entirely exhausted. The suit was filed in London and Gen. Abdul Hamid Bey, director of the institution, has flown to the British capital to push the action.

Palestin said that the creation of new civil service positions and regardings of others must be blamed for the fact that Jordan imports exceeded the 500,000 pound allocation originally set aside for the purpose.